Trading Edges That Last
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Lawrence's Comment Recap Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint. Outlook Thin rising wedge / up channel in place. It is ...READ MORERecap of last week Previous week low tagged first as expected. Then previous month close acted as resistance, and run down to the target of previous month low - ...READ MOREWeekly Cycle Projection (USDJPY) 2017-06-123DP Odds Table (USDJPY) 2020-09-08Intraday Cycle Projection (USDJPY) 2016-10-13Intraday Cycle Projection (USDJPY) 2015-11-17Intraday Cycle Projection (USDJPY) 2022-03-093DP Odds Table (USDJPY) 2016-01-01Intraday Cycle Projection (USDJPY) 2019-06-26EURUSD Jul 29 to Aug 02 OutlookEURUSD Week of Nov 15th to 19th OutlookIntraday Cycle Projection (USDJPY) 2017-05-31
As Featured In
USDJPY Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Early in the week just continued to shoot higher and tagged Y+2 target. Failed to hold above Y+2 and collapsed back down below Y+1 and completed 100% absolute range expansion. Closed the week above Y-0.
Outlook
Y-0 was never challenged. Hence we cannot tell if buyers would show up there. Since 100% absolute range expansion stopped the pullback so far, it is reasonable to expect B-1 to act as support for a retest of at least B-0 and likely B+1.
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